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Search Results 0 to 11 of about 12 (some duplicates have been removed)
Jan 18, 2013 7:00pm EST
the key message of deep spending cuts, not the message that deep spending cuts will help grow the economy and help create jobs. . . but i did hear no budget, no pay, aimed at democratic senators but then deemed unconstitutional, and an extension of the debt ceiling for about three months which is okay. . it doesn't really go to the heart of the matter. we're going to have a report on this whole story in just a moment. . meanwhile, better news, the stock rally continues up 54 points on the dow, 161 points for the week. get this, a 35% gain in the broad s&p 500. . just since early october 2011. that's right. it's like a stealth rally. it keeps on moving. we'll talk to a leading investment ceo a bit later in the program. . first up, in williamsburg, virginia, today, house republicans have agreed to take up the plan next week to extend the debt ceiling with some conditions. i think that's boring and uninspiring. let's go to the source of this cnbc contributor robert costa. . . i think it's boring, boring, boring. you tell why this is a great. are not attached to this proposal. very three mont
Jan 15, 2013 7:00am EST
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
FOX News
Jan 19, 2013 1:00pm PST
attached to it. >> heather: let's talk about the economy. the president starts his new term. less than 1% rate it as excellent. 9% say it's good shape. that is up a touch from his first inauguration but 91% of voters say economic conditions negatively today. why are we here again? >> you have to wonder. i point you back to november the conditions haven't changed all that much in two months. i would imagine that those exact numbers were the same on election day, and the american people not only re-elected the president but gave us the same senate in the house as we had before. so as much as they are saying economy isn't going well, when they had an opportunity to change things they voted for more of the same. >> heather: you mentioned congress, finally two polls dealing with that. first since president obama was re-elected, 30% think he has been more bipartisan in working with congressional republicans, 55% the majority says he has been more confrontational? >> i think some of the number for confrontational they are saying that as a positive. certainly democrats want him to be more confro
FOX News
Jan 18, 2013 3:00pm PST
for breaking details. thank you. >> turning to the u.s. economy. consumer sentiment at the lowest sentiment for more than a year. reuters survey showed 35% of consumers have a negative reaction to fiscal cliff negotiations. the dow finished up 54. the s&p 500 gained five. the nort nasdaq lost one. there is word tonight that republicans may be willing to give a little now to get something back later. we are talking about the debt ceiling. versus spending cuts. chief congressional correspondent mike emanuel reports on the house g.o.p. winter retreat in virginia. >> at the house g.o.p. retreat in williamsberg, virginia, the leaders decided they will pass three-month temporary increase to give them time to finalize a budget. speaker boehner said before there is long-term debt limit increase a budget should be passed that cut spending. the house g.o.p. whip hinted at the strategy. >> our hope is to pass something early so the senate can take action as well. i wouldn't be jeopardizingor economy there. it shows it's a rational, put us on a better path. and i would hi the american public could supp
Jan 15, 2013 3:00am PST
economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. >> you know, it looks like republicans are up against another wall. but they're not going to be able to get -- they're not going to be able to get, quite frankly, some things they really want, if they're serious, are important. spending issues. but this is -- he's got them again. >> here's the problem with the republican party being owned by extremists on issues not related to the debt. let me tell you something, the president of the united states, it's laughable that he would talk about republicans not being responsible on debt issues when this president has been in the white house since january the 20th, 2009, and he has yet to do anything significant on social security or medicare. he cut medicare, so he could start a new entitlement program. that's not making medicare more solvent. he hasn't done anything to curb the costs of medical expenses, which he said he was going to do. he did nothing. he struck back room
FOX News
Jan 13, 2013 1:00pm PST
in an effort to fight lower enrollment rates due to the bad economy. is this trend going to continue? joining us to talk about it is university maryland economist peter morris se789. half of the declines, why are more young are deciding to forgo college education? >> the cost have jumped a lot and the graduates can't find jobs. there is a sense that it doesn't pay out. you get set with a lot of big loans and join the service, learn a trade. go to a community college and skip university all together. >> gregg: president obama wants everybody to go to college? >> it doesn't pay out. most stated universities offer diplomas that don't lead to a marketable skill. there are too many graduates working at starbucks these days. >> gregg: "wall street journal" analyzed this way. take a look at this. facing stagnant family income, shaky job prospects and a smaller pool of high school graduates, more schools are reining in tuition costs. is it possible that some tuition costs may actually go down, or we simply talking about slowing the rate of increase? >> i think it's slowing the rate of increase. it's
FOX News
Jan 18, 2013 8:00am PST
for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a monthly extension is drama. so, what, congress should simply do its job. it should not, we're not going to negotiate over extending the debt ceiling. >> reporter: jay carney said they should avoid another process that causes self-inflicted wound to the economy. jenna. jenna: mike emanuel in washington. mike, thank you. jon: on capitol hill concern is growing over what could happen if the country defaults on its debt. right now administration wants to pay the bill in the order which they are received but republicans say there is a better way that might even avoid default. chief political correspondent carl cameron is live in washington for us. so what are the alternatives here, carl? what's the plan? >> reporter: well, they're talking about plans and none of the alternatives are particularly good because the situation is so bad. with the white house refusing to negotiate spending cuts with republicans as part of a
FOX News
Jan 17, 2013 10:00am PST
for the country's economy. elizabeth macdonald from the fox business network, i mean, i laugh because 70 is not old. are we supposed to react to that as though it's 90, like, oh, 70. you have to work to 70? >> right, 70 is the new 90, i guess, i don't know. but, really, megyn, you have to wait five years to hit the golf course as you put it. this is the group that's recommending it, the business round table, a group of influential ceo's and even the president and ceo of caesars entertainment corp., look, we're in a new era of fiscal problems and we have a new era of demographics issues, the realities are different than they were when social security was launched in 1935. and they're saying a great way to basically fix social security and medicare funding problems. tell you something that's interesting, you're hearing nothing out of the building round table, anti-age discrimination problems at work. certainly, the jobless rate of people who are, you know, 65 or older, the number of unemployed older workers, megyn, has doubled in the last recession, you know, and as much as one out of thre
Search Results 0 to 11 of about 12 (some duplicates have been removed)